This property looks like a bad Mid-Term investment with a projected -6.55% first-year return on $76,821 initial cash invested.
-6.55%
Cash On Cash
4.68%
Cap Rate
0.76
DSCR
$2,031
Rent
-$419
Cashflow
Cash Flow
$2,031 income − $2,450 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,821
Downpayment
20%
$56,020
Closing costs
1%
$2,801
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,031
Total Expenses
$2,450
Mortgage P&I
70%
$1,430
Property Taxes
11%
$228
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223